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$4,200,000
Status: For Sale
The Strong Cash Flow and Land Banking Opportunity You Been Looking For. 19 Units Motel On Almost an Acre of Land. 9 2 Storey Townhouse Like Units. 14 Units Have Full Kitchen, New Drive Way & Parkings. Panoramic View of Lake Simcoe, Over 90% Occupancy, Stable Longer Term Guests, Minimum Turnover and Management. Proposed Keswick Secondary Plan Allows Commercial Uses Up To 8 Storey High. Value-Add Opportunities by Renovating the Remaining Units or Building New Units. Owner Willing To Stay On and Help With Transition.
| Property Type | :Commercial |
|---|---|
| MLS Number | :N8310100 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :17 Sep, 2024 (98 Days ago) |
| Source | :TRREB |
| Area | :York |
|---|---|
| Community | : Historic Lakeshore Communities |
| Postal Code | :
L4P 1A1
|
| Price | : $4,200,000 |
|---|---|
| Property Taxes | :$23000.00 |
| Tax Year | :2023 |
|---|
| Cross Street | :Church St & Lake Dr North |
|---|
06 May, 2024
TREB #N8310100
Available
$4200000.0
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